Australian Dollar Rises After S&P Global PMI Data: The Australian Dollar (AUD) strengthened against the US Dollar (USD) on Friday. This followed the release of Australia’s S&P Global Purchasing Managers Index (PMI) data for November. Manufacturing PMI rose to 51.6 (from 49.7). Services PMI increased to 52.7 (from 52.5). Composite PMI went up to 52.6 (from 52.1). The US Dollar weakened as new labor data increased expectations of a Fed rate cut in December.